Which of the following statements best describes free cash fiow? The excess cash generated by revenues less all operating expenses The cash fow available for distribution to all investors after the company has made all investments in fixed assets and working capital necessary to sustain a firm's ongoing operations Suppose you are the only owner of a chain of coffee shops near universities, Your current cafs are doing well, but you are interested in starting a fine-dining restaurant. You decide to use the cash generated from your existing business to enter into a new business. Your accountant provides youwith the following data on your current financial performance: Financial update as of June 15 - Your existing business generates $135,000 in EBIT. - The corporate tax rate applicable to your business is 25%. - The depreciation expense reparted in phe financial statements is \$25,714, - You don't need to spend any money for new equipment in your existing cafs; however, you do need $20,250 of additional cash. - You also need to purchase $10,800 in additional supplies-such as tableciothes and napkins, and more formal tableware-on credit. - It is also estimated that your accruais, including taxes and wages payable, will increase by 36,750. Based on your evaluetion you have in free cash flow. Free cash flow can be used for var cash fow? Repurchasing common s! Acquiring operating asse